Ashok Leyland shares fall after earnings disappoint

Ashok Leyland

Shares of Ashok Leyland Ltd fell as much as 9.2 percent on Friday after disappointing investors with its October-December quarterly earnings, but pared losses later in the morning session.

The bus and truck maker said on Thursday its October-December quarter net profit rose a slower-than-expected 10.82 percent to 741.4 million rupees.

Ashok Leyland shares were down 3.1 per cent as of 0355 GMT.

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